Gold Mining

In late 2008 Eagle Plains was in a good financial position with approximately $6 million in cash and investments.  Management, being committed to the concept that crisis creates opportunity, prospected for an opportunity that would fufill the following mandate:

With this in mind, management began networking and found an opportunity through a collegue that had been working on a gold mining project 9km east of Atlin, BC for the past five years.  The company had ran into finacial difficulties just as it had capitalized a mining operation and was in the midst of preparing an NI43-101 gold resource for further financing.  Upon conducting due diligence, both companies found that a joint venture arrangement would be a good fit as EPL offers an experienced team of exploration geologists, in-house GIS capabilities and permitting and tenure management experience.  On April 16, 2009 Eagle Plains and Prize Mining formed a joint venture company, the Yellowjacket Joint Venture.   For more information regarding this, please see our news release announcing the intent to produce gold at the Yellowjacket project, located 7 km east of Atlin, BC.

Throught the summer of 2009 the Yellowjacket Joint Venture acheived the following goals:

Exploration

Since 1992, Eagle Plains Resources (EPL:TSX-V) has been aggressively acquiring and developing early stage mineral exploration projects in Western Canada. To develop these projects, we have assembled an expert in-house technical team of geologists, technicians and geographic information system specialists.  Seasonally we also contract geologists specializing in specific types of mineralization to assist with our field programs.  The company currently controls over 35 gold, silver, uranium and base-metal and rare earth mineral projects. 

With over 35 projects, EPL is considered a project generator and invites joint venture participation to expedite project development.  The joint venture model reduces shareholder exposure to the risk of exploration and enhances exposure to a discovery.  With our in-house staff we are able to technically assist our joint venture partners. 

Creating Shareholder Value

To create shareholder value when a discovery is made, EPL may spin-off the project into a new corporate entity.  This spotlights the projects value, creates value with new shares and makes it available for acquisition by a producing company.  An example of this is Copper Canyon Resources (CPY : TSX-V).  This spin-off was conducted through a "Plan of Arrangement" and resulted in a one-for-one share distribution.

Business Model

In brief, the business model that Eagle Plains Resources follows is:

1. Acquisition of highly prospective grass roots and semi developed mineral exploration projects.

2. Develop these projects using Joint Venture participation

3. Spin-off developed projects to create value for shareholders which also simplifies the project for the market place and makes it accessible to producing companies.

For more information, click here to view Eagle Plains Resources online brochure